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It could be argued that organisational leaders are now facing one of the most challenging periods in change leadership for over 30 years, but our research has found that while 90% of senior management expect organisational changes ahead of Brexit, 42% are not worried and 26% ‘not at all worried.’
The top four expected changes are to source additional markets outside the EU (24%), to restructure and cut costs (21%), to reorganise (16%) and to relocate (16%).
75% say leaders are getting better at managing change, with 60% of respondents saying their businesses had met their objectives for change in the past few years. This is all the more surprising when traditionally it’s commonly accepted that 70% of change initiatives fail to deliver results. It is also proof that change is now being measured efficiently, 64% saying that productivity improved and 34% saying that profitability had increased as a result of the change.
The key factors that drive successful change include an organisation and leader’s ability to be agile and responsive within a changing market (62%) and recruiting people with the right skills (47%).
Organisations and leaders must also be aware of the factors that could hinder the success of the change initiative which include a lack of understanding and communication across the organisation on why these changes are being implemented (40%), too much emphasis on process and not enough on people (28%) and poor motivation and staff morale (14%).
Download a full copy of the research by clicking here
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